BAOFENG ENERGY plans to repurchase shares worth 1 billion to 2 billion yuan

According to the Zhitong Finance APP, BAOFENG ENERGY announced that the company plans to repurchase shares worth between RMB 1 billion and RMB 2 billion, with the repurchase price not exceeding 150% of the average trading price of the company's stock over the 30 trading days prior to the board's approval of the repurchase resolution, which is no more than RMB 22.80 per share. The shares are intended to be used as a source for the company's employee stock ownership plan or equity incentive

According to the Zhitong Finance APP, BAOFENG ENERGY (600989.SH) announced that the company plans to repurchase shares worth between RMB 1 billion and RMB 2 billion, with the repurchase price not exceeding 150% of the average trading price of the company's stock over the 30 trading days prior to the board's approval of the repurchase resolution, which is no more than RMB 22.80 per share. The shares are intended to be used as a source for the company's employee stock ownership plan or equity incentive